Ethereum has caught a lift off lows. The crypto selloff was especially bad for ETH. It tumbled from ATH's at $2K or so all the way to the $1300 handle. In fact it actually saw the high $1200's for a bit before the carnage was done. We are increasingly more skeptical of ETH as high gas prices and other competing chains, e.g. BSC, provide a better alternative with richer ecosystems and lower gas prices. However, ETH is still set to recover. Currently, it is back to $1547 where it is likely to face resistance. It will eventually break out of this even if it does find some resistance. After that the next target is across a vacuum zone to $1653
Trade geschlossen: Ziel wurde erreicht:
We hit our profit target of $1547!! Watch for some short term resistance here...
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